Research analysts at UBS AG (NYSE: UBS) raised their target price on shares of Qlik Technologies (NASDAQ: QLIK) from $29.00 to $31.00 in a report released on Friday. The firm currently has a “neutral” rating on the stock.
Shares of Qlik Technologies opened at 29.64 on Friday. Qlik Technologies has a 52 week low of $19.59 and a 52 week high of $35.62. The company has a market cap of $2.504 billion and a P/E ratio of 269.45.
The company last announced its quarterly results on Thursday, April 26th. It reported ($0.03) earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.06) EPS by $0.03. The company’s quarterly revenue was up 25.7% on a year-over-year basis. On average, analysts predict that Qlik Technologies will post $0.08 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Qlik Technologies in a research note to investors on Wednesday, April 11st. They now have a $35.00 price target on the stock, up previously from $31.00. Separately, analysts at CL King initiated coverage on shares of Qlik Technologies in a research note to investors on Friday, March 30th. They set a “strong-buy” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of Qlik Technologies from $34.00 to $36.00 in a research note to investors on Wednesday, February 15th. They now have a “buy” rating on the stock.
Qlik Technologies Inc., through its subsidiaries, sells solftware solututions that deliver data analysis and reporting solutions.